§120.342. What are eligible uses of proceeds?
13 C.F.R. § 120.342
Loan proceeds may be used:
To acquire inventory;
To pay the manufacturing costs of goods for export;
To purchase goods or services for export;
To support standby letters of credit;
For pre-shipment working capital; and
For post-shipment foreign accounts receivable financing.
Notes, amendments, and revision history
Authority
Authority: 15 U.S.C. 634(b) (6), (b) (7), (b) (14), (h), and note, 636(a), (h) and (m), 650, 687(f), 696(3) and (7), and 697(a) and (e); sec. 521, Pub. L. 114-113, 129 Stat. 2242; sec. 328(a), Pub. L. 116-260, 134 Stat. 1182.
Source
Source: 61 FR 3235, Jan. 31, 1996, unless otherwise noted.